Utilities

Thames Water Eyes CKI as Potential Buyer Amid Special Administration Challenges

2 months ago

Thames Water, the UK’s largest water supplier, is reportedly considering a significant business transition as it anticipates the potential acquisition of the company by CKI (Cheung Kong Infrastructure Holdings). This comes amid alarming financial struggles that have led the company to enter a special administration process, aimed at ensuring sustainability and operational continuity.

India's Fragile Utilities Pose Risks to Promising Green Energy Growth

3 months ago

India is on the verge of a significant transition towards renewable energy, drawing international attention and investment. However, a persistent issue looms large, threatening to undermine this green energy boom: the fragile state of its utility infrastructure. The country's power sector, once viewed as a potential catalyst for sustainable growth, is now facing a multitude of challenges that could hamper its ambitious climate goals.

Covalis Teams Up with Octopus Energy Unit in Bid for Thames Water

3 months ago

In a significant development within the water management sector, Covalis, a prominent bidder for Thames Water, has announced a strategic partnership with a unit of Octopus Energy. This collaboration is expected to enhance Covalis' proposal for the financial rescue and operational overhaul of Thames Water, which has been facing severe financial challenges.

Cybersecurity Crisis: American Water Works Compromised by Hackers

8 months ago

In a shocking revelation, American Water Works, one of the largest U.S. public water and wastewater utility companies, disclosed a significant cybersecurity breach this week. The company, known for supplying water to millions across the nation, confirmed that unauthorized individuals infiltrated their systems, raising alarm over the potential impact on essential services and security infrastructure.